Are you still worried about your child's "moonlight clan" habits? Are you still struggling with how to teach your child about money correctly? Today, let's talk about a practical method to help children establish correct financial values from an early age, allowing your child to win at the starting line on the road to wealth in the future!
Many adults' financial difficulties actually stem from a lack of professional financial training in childhood. Parents didn't teach it, and schools didn't teach it, which leads us to rely on intuition or be influenced by our original family when faced with various financial decisions, making it difficult to handle financial problems rationally.
It's never too late to mend the fold! As parents, we can cultivate our children's financial concepts from an early age, so that they will have enough skills to cope with various financial challenges when they grow up.
One Trick is All You Need: The DIG Principle, Make Your Child Fall in Love with Financial Management!
Teaching children about financial management shouldn't be too complicated. Today, I will share a simple and easy-to-understand method. One English word - DIG, can solve it!
DIG, broken down, stands for Discipline, Isolation, and Goal. These three words seem simple, but they contain profound financial wisdom. The key to achieving the DIG principle is a tool we have been familiar with since childhood: the Money Jar.
Remember the book "A Dog Named Money"? Although the plot is a bit absurd, if you study it carefully, you will find that it cleverly incorporates many important financial management skills. In the book, the talking dog suggests that the little girl set up a special piggy bank for each goal she wants to achieve.
Why not use one piggy bank to save all the money? This is the importance of isolation.
Many people have a mess in their heads when managing cash flow. They put all the money together and take it out whenever they want, without clear goals and plans. Isolation is to isolate different goals, with each goal corresponding to a dedicated piggy bank.
The Importance of Goal: Let Children Know the Purpose of Money
Isolation alone is not enough, you also need a clear Goal. When isolation and goal are combined and discussed with children, financial management becomes much more interesting.
For example, the child receives 100 yuan of New Year's money. At this time, parents can seize the opportunity to discuss with the child: what do you want to buy with this money the most? Through what the child wants to buy, we can understand their true inner needs.
We should guide children to write down what they want to buy and mark the specific price. If this price is difficult to achieve for the time being, we can discuss together how to save enough money faster. Is it earning rewards by helping parents with housework, or through other means?
When children have clear goals and know how to achieve them, they will become more interested in money.
Discipline: Make Goals Visible and Develop Savings Habits
With clear goals, the next step is to have a real piggy bank and clearly mark the goal on it. In this way, children can see their goals every day and constantly remind themselves.
This is the meaning of discipline. For children, it is easy to set goals, but it is also easy to forget them. Only by looking at the goals every day and constantly reminding themselves can they enhance their discipline.
99.99% of financial management comes from discipline. Without isolation, there is no way to discipline. Just like going to the gym, if you don't know which part you want to train today, it is difficult to train in a planned and targeted way.
Discipline and isolation are always tied together, and the adhesive that connects them is the goal we want to achieve.
Cultivating children to use piggy banks is not only about cultivating their good savings habits, but more importantly, it is about teaching them how to set goals, how to develop plans for goals, and how to implement them with discipline.
Don't Laugh at Your Child's "Distant" Goals!
Many adults do not have a clear goal and waver in investment decisions. Today, they want to buy a house, tomorrow they want to buy stocks, and they start to be afraid when they see market fluctuations.
No matter what you do, you must have a clear goal. Around this goal, study what actions should be taken in what circumstances. According to these actions, remind yourself in a planned and disciplined way, and move towards the goal step by step.
The goal must be clear. For children, you need to tell them very clearly how much money is needed to achieve this goal.
| Product | Price (Yuan) |
|---|---|
| A Book | 20 |
| A Notebook | 1000 |
Not only that, but also let the children do the arithmetic themselves, so that they know under what circumstances they can achieve the goal.
If this goal takes a long time to achieve, don't discourage the child because of it.
In "A Dog Named Money", the little girl saves money to study abroad as an exchange student. Her mother helped her calculate it and found that at her current speed, she might never achieve her goal, so she laughed at her, thinking that what she was doing was useless.
This is a very wrong approach! Many people fail in financial planning because they feel that the goal is too far away and there is no value in setting it.
As long as you identify that you want to achieve it, you will try to achieve it.
If it is difficult to achieve the goal by saving pocket money, the little girl begins to think of ways, such as walking the neighbor's dog, selling some other things. She can try to find ways to communicate with successful people and expand her horizons.
When we have a goal that is difficult for us to achieve, our vision and way of thinking will be truly opened up. This is precisely an important step in encouraging children to independently acquire financial knowledge.
The DIG Principle: Not Just for Kids
To summarize, remember the word DIG: Discipline, Isolation, Goal.
Once we have discipline, have goals, and divide the cash flow in detail, it is difficult to fail financially.
Not just for children, this principle also applies to adults. Many people are struggling with their complex financial situation because they have not seen these three important parts. Once you see it clearly, everything becomes simple.
So, starting today, use the DIG principle to teach your children about financial management! Let them have correct financial values from an early age and take a step ahead on the road to wealth in the future!